Saudi Arabia is one of the biggest and most promising markets for air-conditioners in the GCC region, predominantly due to its geography, climate, high per capita income as well as rapid growth in population. The country had experienced decline in the air conditioner market primarily due to slump in oil prices over the past few years. The country’s drive to reduce dependence on oil sector is a major step towards transforming the economy. Moreover, the GDP of Saudi Arabia declined by 0.7% in 2017 but is expected to grow by 1.7% in 2018, majorly due to government reforms like Saudi Vision 2030. According to 6Wresearch, Saudi Arabia air conditioner market is forecast to reach $1.3 billion by 2024. Slumping oil prices and dependence of the country on oil sector majorly impacted country’s spending towards infrastructure development during 2014-17. Further, many of the projects during this period were delayed or cancelled, which led to downfall air conditioners market in Saudi Arabia. However, with recovery of oil prices in 2018 and ambitious Saudi Vision 2030 plan to improve the economy would drive air conditioner market especially in residential and commercial sectors.
In Saudi Arabia, centralized air conditioner segment has captured majority of the market share in 2017, and would also lead during the forecast period, where VRF segment is expected to witness key growth over the forecast period.
Residential, commercial and retail applications garnered maximum revenue share from air conditioner sales due to rapid growth of large scale projects. Over the coming years, applications such as hospitality and retail sectors are projected to grow at a relatively higher CAGR during 2018-24.
The report thoroughly covers the air conditioner market by AC types, applications, and regions. The report provides an unbiased and detailed analysis of the on-going trends, opportunities/high growth areas and market drivers which would help the stakeholders to decide and align their market strategies according to the current and future market dynamics.
Key Highlights of the Report:
• Historical & Forecast data of Global Air Conditioner Market for the Period 2014-2024
• Historical & Forecast data of Saudi Arabia Air Conditioner Market Revenue for the Period 2014-2024
• Historical & Forecast data of Saudi Arabia Window AC Market Revenue & Volume for the Period 2014-2024
• Historical & Forecast data of Saudi Arabia Split AC Market Revenue & Volume for the Period 2014-2024
• Historical & Forecast data of Saudi Arabia Packaged AC Market Revenue & Volume for the Period 2014-2024
• Historical & Forecast data of Saudi Arabia Ducted Split/Ceiling Concealed AC Market Revenue & Volume
for the Period 2014-2024
• Historical & Forecast data of Saudi Arabia Floor Standing AC Market Revenue & Volume for the Period 2014-2024
• Historical & Forecast data of Saudi Arabia Cassette AC Market Revenue & Volume for the Period 2014-2024
• Historical & Forecast data of Saudi Arabia Ceiling Suspended AC Market Revenue & Volume for the Period 2014-2024
• Historical & Forecast data of Saudi Arabia Centralized AC Market Revenue for the Period 2014-2024
• Historical & Forecast data of Saudi Arabia Centralized AC Market Revenue, By Components for the Period 2014-2024
• Historical & Forecast data of Saudi Arabia Air Conditioner Applications Market Revenue for the period 2014-2024
• Historical & Forecast data of Saudi Arabia Air Conditioner Regional Market Revenue for the Period 2014-2024
• Market Drivers and Restraints
• Recent Market Trends
• Players Market Share
• Company Profiles
• Strategic Recommendations
Markets Covered:
The report provides detailed analysis of the following market segments:
• By Types
o Window AC
o Split AC
o Ceiling Concealed
o Packaged AC
o Floor Standing
o Suspended
o Cassette
o Centralized
■ VRF
■ AHU/FCU
■ Condensing Unit
■ Chiller
■ Others
• By Applications
o Residential
o Commercial & Retail
o Hospitality
o Oil & Gas
o Healthcare
o Others
• By Regions
o Eastern
o Western
o Central
o Southern

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